Published on 2009-08-04 09:44:55
Singapore - India August MCX lead futures likely to open sharply down due to 2% decline in LME three-month futures. "The whole of the metal basket is due for a correction after making fresh 2009 highs. But it may be just a pause before the next rally," says STCI Commodities trader Kapil Gandhi. Other metals also likely down tracking weak LME. Lead last settled at INR92.60/kg, aluminum at INR92.80/kg, zinc at INR87.40/kg, while nickel closed at INR895.60/kg.
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